Media coverage about Marine Products (NYSE:MPX) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Marine Products earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.2423003664846 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- South Australian Seaweed Industry Plan calls for $16 million five-year investment to develop high-value products and clean environment (couriermail.com.au)
- Marine Products (MPX) Rating Increased to Buy at ValuEngine (americanbankingnews.com)
- Should You Sell Marine Products Corporation (NYSE:MPX) At This PE Ratio? (finance.yahoo.com)
- Marine Products – Even Keeled Through Steady Waters (seekingalpha.com)
- Marine Products Corp. (MPX) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
Several equities analysts have commented on MPX shares. ValuEngine raised shares of Marine Products from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research cut shares of Marine Products from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 27th. Finally, Ifs Securities raised shares of Marine Products from a “market perform” rating to an “outperform” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $15.50.
Marine Products (NYSE:MPX) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The company had revenue of $65.59 million for the quarter, compared to analysts’ expectations of $67.68 million. Marine Products had a net margin of 7.22% and a return on equity of 29.88%. sell-side analysts forecast that Marine Products will post 0.74 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 9th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.40 annualized dividend and a dividend yield of 2.72%. This is a boost from Marine Products’s previous quarterly dividend of $0.07. Marine Products’s payout ratio is currently 71.43%.
COPYRIGHT VIOLATION NOTICE: This report was posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://www.tickerreport.com/banking-finance/3259836/marine-products-mpx-receiving-somewhat-favorable-news-coverage-analysis-finds.html.
Marine Products Company Profile
Marine Products Corporation manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. The Company designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, jet boat and sport fishing markets. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats.
Receive News & Ratings for Marine Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marine Products and related companies with MarketBeat.com's FREE daily email newsletter.